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Home My WebLink About0464 i • . ~ ' ~ ~ Our f i le 5-2U, 934 th~s aatt~~se or othe~ lr~nsfet ot tU1e to ~he mort~a~ed popc«y ~n ext~e~u~shment ol tAe ~ndebtedness secu~ed Aerehy, all ~~~ht, ti~le and ~ote~est o( tAe Mat~a~a ~o ~nd to any ~nauranre polic~eA ~hen in force sh~ll pass to Ihe putchaaer or ~rantee. (A) To pe~(am, coa~ply ~nth aod •oide by each and evety lhe st~pui~l~ons, ~~rteiaents, cond~t~ons sed covensnls ~n sa~d p~omi.s.xy note ar.d io th~a deed set fo~th. (i 1'fh~t i( ~ny of asid sums o( money here~n re(er~ed lo be not prompUy aad tully pa~d w~thm fdtern days neat af~e~ the a~me sere~ally Secomea due and payable,a if tacA and every tAe stipulat~ons, apeemeMS, cond~t~ons and covenanls of said pran~x- say note snd this deed, ot either, ate not (ully per(ormed, coispl~ed wilh and abided by, the ssid akre~ate sum men~~ooed ~n said promisaory note shall becaee due and payable fortA~itA o~ thereafter st U~e opt~on ot the Ato~t~a~ee as fully and completely as if thr said a«re~~te sum of said promissory note rss or~~~nally atipulated to be paid an sueh day, anythin~ ia s~id pranissory ~ote or Ae~c~n to the contruy notvithst~adins. (j ) That ia o?der to acceler~te the owwrity of the indebtedness hereby secured. becawe o! the fa~lurt of thc. M«t~a~w to pay any i~a, assessmenl. liability. oblisatioe or encumbrance upwi said property, as hetein ptovided, it shall not be neces~a~y o~ reQuisite that the mo~taa~ee shs1l f~rst pay the same. 2. The Mortgagee may. at his option, and without waiving his right to accelerate the indebtedness hereby j secured and to foreclose the same, pay either before or after delinquency any or all ot those certain obligations required by the terms hereof to be paid by the Mortgagor for the protection of the mortgage security or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be char6ed into the mortgage account and become an integral part thereof. subject in all respects to the terms, conditions, and covenants of the aforesaid promissory note, and this mortgage, as fuily and to the same extent as though a part of the original indebtedness evidenced by said note and secured by this mortgage, excepting however. that said sums shall be repaid the Mortgagee fotthwith upon its demand and be in addition to the regular monthly install- ments provided by the mortgage nota. 3. -That the absuact or abstracts of title covering the mortgaged ptoperty shall at all times. during the li[e • of this mortgage, remain in possession of the Mortgagee and irt eveat of the [oreclosure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby. all right, title and interest of the Mortgagor in and to any such abstracts ot title shall pass to the purchaser or grantee. 4. To the extent of the indebtedness of the Mortgagot.to the Mortgagee desccibed herein or secured hereby. _ the Mortgagee is hereby subrogated to the lien or tiens and to the rights of the owners and-holders thereot of each - and every mortgage, lien or other incumbrance on the land described herein which is paid and/or satisfied, in ~ whole or in part, out of the proceeds of the loan described herein or secured hereby, and the respective liens of said mortgages, liens or other inciunbrances, shafl be and the same and each of them hereby is preserved and shall pass to and be hel.d by the Mortgagee.herein as security fot the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it would have been preserved and would have been Passed to and been held by the Mortgagee had it been duly and regulazly assigned, transfeaed, set over, and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record. it being the intention of the parties hereto that-the same will be satisfied and cancelled ot recotd hy the holders thereof at or about the time ot th.e recording of this mortgage. 5. ln the event the ownership of the mortgaged preFnises. or any part thereof. becomes vested in a person other than the !Nortgagor, 1he Mortgagee may, without notice to the Mortgagor. deal with such successor or suc- cessors in interest with reterenc~ to this deed and the debt hereby secured, in the same manner as with the :11ort- gagor without in any way vitiating or discharging~ the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the patt of the Mottgagee. and no ex- tension of the time !or the payment oE the debt hereby secured given by the Mortgagee shall operate to release. discharge. modify, change or affect the original liability of the Mortgagor herein either in whole or in part. 6. The lien o[ this deed secures and shall continue to secure payment of said indebtedness or indebted- I'i ness, however evidenced, whether by said promissory note or- any renewal or extension theroof or substitute there- ; for. or otherwise. until all such indebtedness shall have been fully paid. ; 7. In the evenl the mortgagors sell, convey or transJer the mortgaged premises during the lije oj this niort- i RaBe, then this mortgage shall, at the option oj the Afortgagee herein, 6econee immediately due and pciynbJe Jor rhe ; Jull swn oJ the p?incipal balance and interest lhen due. ; 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs. ! petsonal represematives, successors and assigns of the respective pazties hereto. Wherever used the singular ~ number shall include the plural and the plural the singula[, and the use of any .gender shall include all genders. f ~ Sig d, seal and liv ed ~ the presence of: ` ~L (Seal) ~ (Seal) 1 fItED ANO RECOit~fO ' ~ i7. ~UCIE COUMt~ lA. s AOCFR FO~TRRt ~ STAT OF FLORIDA SS 2~~3~~ RECORO YERRFIE~ i~~. ~ COUNTY OF ~ ; ST . LUC IE ~~LYN oH~i~D~ ~iU~H . ~ Before me personally appeared B~~;NNETH ?-i~I~TDSCHUH etIId SC ~ h18 Wffe , F to me well knovm and known to me to be the individuals desctibed in and who executed the foregoing instrument. ~ and acknowledged before me that they executed the same for the purposes therei~ expressed. WITNESS my hand i ~ and official seal in the County and State fast afotesaid this 17Zp D8y of Deeember, 1970 ~ ~ - ~ ' ~ kr 1 ~ ~ 3 ' { ~ , ~ . ~ • ; . ~ Wy Commission Expires: ~ JUIIe 30 ~ 1~1 Notary Public~de of f ~ ~ - ~ ~ ~ ,~~%,;~7 ~ ~ ; ~ . ~ ~ . ~ ]'~-J' ''.~~s ~ ~ j'1 '~~M~^' ~ - ~ ~ !~'t~ . ~ BOOK 1~9 PACE 46~ . . '''rjl,,:..:, ~ . , ~ - - . ' . ~ ~ . . ~ _ _ _ _ ' - , ~ _.~~:_.~._T r.<, . . . . `